The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of November,2019 rose by 0.10% to 122.3 (provisional) from 122.2 (provisional) for the previous month.
INFLATION
The annual rate of inflation, based on monthly WPI, stood at 0.58% (provisional) for the month of November,2019 (over November,2018) as compared to 0.16% (provisional) for the previous month and 4.47% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.00% compared to a buildup rate of 4.56% in the corresponding period of the previous year.Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.The movement of the index for the various commodity group is summarized below:-
PRIMARY ARTICLES (Weight 22.62%)
The index for this major group rose by 0.9% to 147.3 (provisional) from 146.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-The index for ‘Food Articles’ group rose by 1.4% to 162.4 (provisional) from 160.2 (provisional) for the previous month due to higher price ofurad (19%), fish-marine (6%), moong (5%), rajma (4%), jowar, egg, condiments & spices, fruits & vegetables andmasur (3% each), wheat, arhar, poultry chicken andbajra (2% each) and gram, fish-inland and pork (1% each). However, the price ofmaize (6%), tea (4%), ragi (3%) and beef and buffalo meat and betel leaves (1% each) declined.
The index for ‘Non-Food Articles’ group rose by 0.6% to 127.0 (provisional) from 126.3 (provisional) for the previous month due to higher price of floriculture (15%), raw rubber and gaur seed (5% each), hides (raw) and raw jute (2% each) and linseed, rape & mustard seed, fodder, gingelly seed (sesamum), safflower (kardi seed), soyabean andniger seed (1% each). However, the price of raw silk (8%), groundnut seed (6%), castor seed and cotton seed (4% each), raw cotton and coir fibre (3% each) and copra (coconut) (1%) declined.The index for ‘Minerals’ group declined by 2.3% to 154.8 (provisional) from 158.4 (provisional) for the previous month due to lower price of iron ore (8%), manganese ore (7%), limestone (3%) and copper concentrate and chromite (1% each). However, the price of lead concentrate and zinc concentrate (4% each) moved up.
The index for ‘Crude Petroleum & Natural Gas’ group declined by 3.1% to 83.1 (provisional) from 85.8 (provisional) for the previous month due to lower price of crude petroleum (5%). However, the price of natural gas (1%) moved up.
FUEL & POWER (Weight 13.15%)
The index for this major group declined by 0.8% to 101.3 (provisional) from 102.1 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-The index for ‘Mineral Oils’ group declined by 1.5% to 91.6 (provisional) from 93.0 (provisional) for the previous month due to lower price of furnace oil (24%), ATF (3%) and HSD (1%) and bitumen (1%). However, the price of LPG (12%), naphtha (3%) and kerosene (1%) moved up.
MANUFACTURED PRODUCTS (Weight 64.23%)
The index for this major group declined by 0.1% to 117.8 (provisional) from 117.9 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-The index for ‘Manufacture of Food Products’ group rose by 0.6% to 135.3 (provisional) from 134.5 (provisional) for the previous month due to higher price of bagasse (5%), coffee powder with chicory (4%), palm oil, molasses, mustard oil, vanaspati and honey (3% each), ice cream, powder milk, wheat bran and spices (including mixed spices) (2% each) and processed tea, sunflower oil, rice bran oil, soyabean oil, cotton seed oil, instant coffee, butter, processing and preserving of fruit and vegetables, gram powder (besan), basmati rice, manufacture of bakery products andsooji (rawa ) (1% each). However, the price ofgur (6%), manufacture of macaroni, noodles, couscous and similar farinaceous products (4%), other meats, preserved/processed and rice products (2% each) and manufacture of cocoa, chocolate and sugar confectionery, manufacture of starches and starch products, copra oil, manufacture of prepared animal feeds, buffalo meat, fresh/frozen and sugar (1% each) declined.
The index for ‘Manufacture of Beverages’ group rose by 0.3% to 123.8 (provisional) from 123.4 (provisional) for the previous month due to higher price of aerated drinks/soft drinks (incl. soft drink concentrates) and rectified spirit (1% each). However, the price of beer and bottled mineral water (1% each) declined.The index for ‘Manufacture of Tobacco Products’ group declined by 1.3% to 153.2 (provisional) from 155.2 (provisional) for the previous month due to lower price of cigarette and other tobacco products (2% each). However, the price ofbiri (1%) moved up.
The index for ‘Manufacture of Textiles’ group declined by 0.5% to 117.1 (provisional) from 117.7 (provisional) for the previous month due to lower price of synthetic yarn andtexturised and twisted yarn (2% each) and viscose yarn and cotton yarn (1% each). However, the price of manufacture of cordage, rope, twine and netting (2%) moved up.
The index for ‘Manufacture of Wearing Apparel’ group rose by 0.4% to 138.9 (provisional) from 138.4 (provisional) for the previous month due to higher price of manufacture of wearing apparel (woven), except fur apparel (1%).The index for ‘Manufacture of Leather and Related Products’ group rose by 0.1% to 118.7 (provisional) from 118.6 (provisional) for the previous month due to higher price of chrome tanned leather, canvas shoes and travel goods, handbags, office bags, etc. (1% each). However, the price of vegetable tanned leather (3%), belt & other articles of leather and athletic/sport shoes (2% each) and waterproof footwear (1%) declined.
The index for ‘Manufacture of Wood and of Products of Wood and Cork ‘ group declined by 0.5% to 133.7 (provisional) from 134.4 (provisional) for the previous month due to lower price of timber/wooden plank, sawn/resawn (2%) and wood cutting, processed/sized, wooden box/crate and lamination wooden sheets/veneer sheets (1% each). However, the price of wooden board (non-electrical) (1%) moved up.The index for ‘Manufacture of Paper and Paper Products’ group declined by 0.5% to 119.7 (provisional) from 120.3 (provisional) for the previous month due to lower price of hard board (3%), paper carton/box, card board and newsprint (2% each) and pulp board, paper for printing & writing, laminated paper and corrugated paper board (1% each). However, the price of tissue paper, poster paper, base paper and bristle paper board (1% each) moved up.
The index for ‘Printing and Reproduction of Recorded Media ‘ group declined by 0.6% to 152.3 (provisional) from 153.2 (provisional) for the previous month due to lower price of journal/periodical and hologram (3d) (2% each) and printed form & schedule and sticker plastic (1% eacThe index for ‘Manufacture of Chemicals and Chemical Products’ group declined by 0.5% to 116.8 (provisional) from 117.4 (provisional) for the previous month due to lower price of camphor (16%), organic surface active agent and caustic soda (sodium hydroxide) (6% each), carbon black and plasticizer (4% each), phthalic anhydride, organic solvent and nitric acid (3% each), alkyl benzene, tooth paste/tooth powder, varnish (all types), soda ash/washing soda, mono ethyl glycol, ammonia liquid, sulphuric acid, additive and dye stuff/dyes incl.
dye intermediates and pigments/colours (2% each) and polyester fibre fabric, poly vinyl chloride (PVC), ammonium nitrate, ethylene oxide, other inorganic chemicals, poly propylene (PP), rubber chemicals, foundry chemical, toilet soap, shampoo, polyethylene, XLPE compound, explosive, adhesive excluding gum, insecticide and pesticide, polyester chips or polyethylene terepthalate (pet) chips, viscose staple fibre, paint, detergent cake, washing soap cake/bar/powder, sodium silicate and phosphoric acid (1% each). However, the price of hydrogen peroxide (8%), gelatine (7%), catalysts and fatty acid (3% each) and mixed fertilizer, ammonia gas, adhesive tape (non-medicinal), alcohols, menthol, agro chemical formulation, ammonium sulphate, amine, oleoresin and aromatic chemicals (1% each) moved up.
The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group rose by 0.6% to 126.6 (provisional) from 125.9 (provisional) for the previous month due to higher price of plastic capsules (3%) and API& formulations of vitamins, antibiotics & preparations thereof, antioxidants and anti-diabetic drug excluding insulin (i.e. tolbutam) (1% each). However, the price of anti-cancer drugs and anti-retroviral drugs for HIV treatment (3% each), simvastatin and anti-inflammatory preparation (2% each) and antipyretic, analgesic, anti-inflammatory formulations, vials/ampoule, glass, empty or filled and anti-allergic drugs (1% each) declined.
The index for ‘Manufacture of Rubber and Plastics Products’ group declined by 0.6% to 107.7 (provisional) from 108.3 (provisional) for the previous month due to lower price of condoms and plastic furniture (4% each) and motor car tube, processed rubber and tractor tyre (2% each) and rubber cloth/sheet, medium & heavy commercial vehicle tyre, rubber moulded goods, plastic tube (flexible/non-flexible), plastic box/container, plastic film, elastic webbing, plastic components, polypropylene film, 2/3 wheeler tyre, rubber components & parts, cycle/cycle rickshaw tyre, solid rubber tyres/wheels, plastic bag and plastic tape (1% each). However, the price of polyester film (non-metalized) (4%), conveyer belt (fibre based) (3%) and rubber tread, rubber crumb and plastic bottle (1% each) moved up.
The index for ‘Manufacture of Other Non-Metallic Mineral Products’ group declined by 0.3% to 115.4 (provisional) from 115.8 (provisional) for the previous month due to lower price of cement superfine (4%), porcelain sanitary ware and stone, chip (3% each), granite (2%) and clinker, fibre glass incl. sheet, ceramic tiles (vitrified tiles) and plain bricks (1% each). However, the price of non-ceramic tiles, ordinary portland cement, railway sleeper, porcelain crockery, marble slab and toughened glass (1% each) moved up.
The index for ‘Manufacture of Basic Metals’ group declined by 0.3% to 103.3 (provisional) from 103.6 (provisional) for the previous month due to lower price of alloy steel castings (4%), MS wire rods, MS castings and ferromanganese (3%eacdh), aluminium powder, GP/GC sheet, aluminium castings, angles, channels, sections, steel (coated/not) andaluminium alloys (2% each) and stainless steel tubes, cold rolled (CR) coils & sheets, including narrow strip , hot rolled (HR) coils & sheets, including narrow strip, silicomanganese, MS pencil ingots (1%), alumnium foil, stainless steel coils, strips & sheets, mild steel (MS) blooms, MS bright bars, other ferro alloys and galvanized iron pipes (1% each). However, the price of rails (6%), steel cables (3%),aluminium disk and circles, stainless steel pencil ingots/billets/slabs, steel forgings – rough, sponge iron/direct reduced iron (DRI) and ferrochrome (2% each) and copper metal/copper rings, aluminium shapes – bars/rods/flats, brass metal/sheet/coils and alloy steel wire rods (1% each) moved up.
The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group rose by 0.4% to 115.5 (provisional) from 115.0 (provisional) for the previous month due to higher price ofaluminium utensils (8%), hand tools (3%), forged steel rings, jigs & fixture and bolts, screws, nuts & nails of iron & steel (2% each) and cylinders, steel pipes, tubes & poles and metal cutting tools & accessories (1% each). However, the price of sanitary fittings of iron & steel (11%), iron/steel hinges (4%), electrical stamping- laminated or otherwise, steel drums and barrels (2% each) and copper bolts, screws, nuts, bracket, iron/steel cap, pressure cooker, stainless steel tank and steel container (1% each) declined.
The index for ‘Manufacture of Computer, Electronic and Optical Products’ group declined by 0.3% to 109.5 (provisional) from 109.8 (provisional) for the previous month due to lower price ofcolour TV (4%) and electronic printed circuit board (PCB)/micro circuit (1%). However, the price of watch (3%) and scientific time keeping device, capacitors, telephone sets including mobile handsets, electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences and air conditioner (1% each) moved up.
The index for ‘Manufacture of Electrical Equipment’ group declined by 0.3% to 110.9 (provisional) from 111.2 (provisional) for the previous month due to lower price of insulator and air coolers (5%), domestic gas stove, fibre optic cables and ACSR conductors (3% each) and electrical resistors (except heating resistors), electric switch, washing machines/laundry machines, electric accumulators, jelly filled cable, fan and copper wire (1% each). However, the price of PVC insulated cable (3%), rotor/magneto rotor assembly and solenoid valve (2% each) and insulating & flexible wire, connector/plug/socket/holder-electric, electric welding machine, transformer, electric switch gear control/starter, safety fuse, AC motor andaluminium/alloy conductor (1% each) moved up.
The index for ‘Manufacture of Machinery and Equipment’ group declined by 0.2% to 112.6 (provisional) from 112.8 (provisional) for the previous month due to lower price of dumper (9%), packing machine and roller and ball bearings (5% each), manufacture of bearings, gears, gearing and driving elements (4%), chillers and water purifier (2% each) and cranes, air gas compressor including compressor for refrigerator, mining, quarrying & metallurgical machinery/parts, gasket kit and agricultural tractors (1% each). However, the price of pressure vessel and tank for fermentation & other food processing (18%), chemical equipment & system (5%) and harvesters, moulding machine, agriculture implements, hydraulic pump, deep freezers, filtration equipment and centrifugal pumps (1% each) moved up.
The index for ‘Manufacture of Motor Vehicles, Trailers And Semi-Trailers’ group rose by 1.0% to 115.7 (provisional) from 114.6 (provisional) for the previous month due to higher price of engine (5%), seat for motor vehicles (3%), brake pad/brake liner/brake block/brake rubber, others and radiators & coolers (2% each) and gear box and parts, cylinder liners, shafts of all kinds and steering gear control system (1% each). However, the price of axles of motor vehicles and wheels/wheels & parts (2% each) and head lamp and crankshaft (1% each) declined.
The index for ‘Manufacture of Other Transport Equipment’ group rose by 0.3% to 118.3 (provisional) from 118.0 (provisional) for the previous month due to higher price of scooters (2%) and tanker (1%).The index for ‘Manufacture of Furniture’ group rose by 0.3% to 131.2 (provisional) from 130.8 (provisional) for the previous month due to higher price of foam and rubber mattress (3%) and hospital furniture (1%). However, the price of wooden furniture (1%) declined.The index for ‘Other Manufacturing’ group declined by 2.7% to 113.6 (provisional) from 116.7 (provisional) for the previous month due to lower price of gold & gold ornaments and silver (3% each) and cricket bat (1%). However, the price of stringed musical instruments (incl. santoor, guitars, etc.) (6%), sports goods of rubber (incl. balls) (4%), cricket ball (3%), playing cards (2%) and football andcarrom board (1% each) moved up.
WPI FOOD INDEX (Weight 24.38%)
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 7.65% in October, 2019 to 9.02% in November, 2019.
| FINAL INDEX FOR THE MONTH OF SEPTEMBER, 2019 (BASE YEAR:2011-12=100) |
| For the month of September, 2019, the final Wholesale Price Index for ‘All Commodities'(Base: 2011-12=100) and annual rate of inflation remained unchanged at its provisional level of 121.3 and 0.33 percentrespectively as reported on 14.10.2019.
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